Insurance News
Schwarzenegger hit with $80,000 tax lien
Gov. Arnold Schwarzenegger was having a feel-good Thanksgiving week, passing out turkeys in Los Angeles and giving thanks for the blessings of freedom and democracy. But then came the heartburn. A gossip Web site on Friday morning revealed...
A rewarding challenge
When Matthew Dummermuth was growing up in rural Northeast Iowa, he didn't notice a lot of crime. But in the past three years, he has seen more than his share of violence, drugs and theft as the top federal prosecutor for the northern half o...
CBRC sets out rules for bank's investment in insurance company pilot scheme
The China Banking Regulatory Commission (CBRC) has published the rules for the pilot scheme of commercial banks investing in insurance company equities, on its website on November 26. The measures make it clear that investments by commercia...
Banks Striving to Buy into Insurers
Banks, such as China Construction Bank Corporation (CCB, SHSE: 601939 and SEHK: 0939) and Bank of Beijing Co., Ltd. (SZSE: 601169), now are striving to buy into insurers. China Insurance Regulatory Commission (CIRC), the top Chinese insuran...
Aviva North America names president and CEO of Aviva Canada
Aviva North America has appointed Maurice Tulloch to the role of president and CEO of Aviva Canada, effective January 1, 2010. As announced in October 2009, Robin Spencer, current president and CEO, is returning to the UK to assume the role...
Top Prudential salesman nabbed over insider trading
The special investigation unit of the Tokyo District Public Prosecutors Office on Thursday arrested an employee of Prudential Life Insurance Co. and a former executive of another firm on suspicion of making 40 million through insider tradin...
Aviva Inks an Agreement on Fund Venture in China
Aviva plc, the world's fifth largest insurance group and the UK's largest insurance services provider, has entered into an agreement on the establishment of a fund venture with Chinese securities firm Central China Securities Holdings Co.,...
SAFE Investments Required to Pay CNY4.06bn Once
China's insurance protection fund has inked a contract to sell a 38.815 percent stake in New China Life Insurance Co., Ltd. to China SAFE Investments Ltd. The deal, worth CNY 4.06 billion, or CNY 8.71 per share, has in principle gained appr...
HCF sticks to not-for-profit script
Private health insurer, HCF, has no plans to change its not-for-profit model. At its AGM on 26 November 2009 THE HOSPITAL CONTRIBUTIONS FUND OF AUSTRALIA LIMITED MEDIBANK PRIVATE LIMITED BUPA AUSTRALIA PTY LTD MEDICAL BENEFITS FUND OF AUSTR...
ING Shareholders Approve Restructuring Plan
Netherlands-based ING Group's restructuring plan has been given the go-ahead by shareholders at an extraordinary general meeting. The company will now separate its banking and insurance arms, carry out a rights issue of up to 7.5 billion eu...
DEPRESSION, HYPER-INFLATION MAY IMPACT GLOBAL GROWTH: SURVEY
At a time when world economies are struggling with the economic slump, risks such as falling growth and income levels as well as extremely high inflation can impact the global economic growth, says a survey. Global consultancy firm Watson W...
Kent State to lease Swiss hotel for foreign-study program
Kent State has agreed to spend about $830,000 a year to lease a hotel in downtown Geneva, Switzerland, to house students in a study-abroad program. KSU President Lester Lefton said the university might lose money on the lease at first, but...
For survivors of ConAgra plant explosion, a somber holiday
Five months after an explosion rocked ConAgra Foods' Slim Jim plant, the blast still reverberates in the lives of those who depended on the plant. The holiday is aggravating wounds that haven't quite healed. Four families are without a love...
TAIWAN'S CHINATRUST DECISION TO BUY NAN SHAN SHARES SEEMS RUSHED: FSC
Taiwan's Financial Supervisory Commission (FSC) said Thursday that the decision by a local financial holding firm to buy a stake in the recently acquired Nan Shan Life Insurance Company was not well thought out. The decision by Chinatrust F...
China to issue 50-yr T-bond Friday, market diverges on coupon rate
China will float the country's first 5 0-year T-bond on Friday on the interbank and exchange-based bond marke ts, with the issuing coupon to be determined by public bidding, the Mi nistry of Finance recently said in a publication. The bond...
PHILIPPINE SSS TO LAUNCH UNIFIED MULTI-PURPOSE ID SYSTEM
The Philippine Social Security System (SSS) is set to launch its Unified Multi-Purpose ID System (Umid) in January, after a successful bidding held last month, SSS president Romulo Neri said. Three other government agencies, he said, also f...
BUSINESS IN ASIA TODAY - NOV 26, 2009
Business in Asia on Nov 26, 2009. A summary prepared by Asia Pulse ,the real-time, Asia-based wire with exclusive news, market intelligence and business opportunities: TURKEY'S DOGAN SAYS AXEL SPRINGER DEAL NOT CANCELLED ISTANBUL - Turkish...
VIETNAM'S FINANCIAL SECTOR ATTRACTIVE FOR INVESTORS
Vietnam has become a preferred destination of international financial investors due to the rapid liberalisation, privatisation and globalisation of the economy, the US market research company RNCOS said in a recent report. The banking secto...
BRIEFING - ASIA INSURANCE - NOV 26, 2009
An executive briefing on insurance for Nov 26, 2009, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities. AUSTRALIAN HEALTH INSURER HCF LI...
State Farm to investigate allegations of harassment
A day after two Baltimore County women sued their supervisor, a State Farm insurance agent, and State Farm Annuity and Life Insurance Co. on grounds of sexual harassment, assault and defamation, a company representative said Wednesday that...
Insurance Premiums Hit Sh167 Billion
UGANDA'S insurance industry accumulated gross premium worth sh167b ($84m) written by licenced insurance companies by 2008, according to the annual report by the Uganda Insurers Association (UIA) issued last week. Of the total premiums, non-...
China to Launch Travel Agency Liability Insurance
China is set to kick off a national travel agency liability insurance project from January 1, 2010. Liability like traffic accidents and food poisoning tourists suffer when traveling will be listed into the security scope. Simple and fast s...
China to Boost Service Trade
A medium- and long-term blueprint about China's service trade has been submitted to the State Council for approval and is hopeful to be issued at the end of 2009, according to Wang Chao, the country's assistant minister of commerce. Inked b...
Vietnam financial sector attractive for investors
Vietnam has become a preferred destination of international financial investors due to the rapid liberalisation, privatisation and globalisation of the economy, the US market research company RNCOS said in a recent report. The banking secto...
Closing rates of Karachi Stock Exchange
The following were the closing rates of Karachi Stock Exchange (KSE) issued here on Tuesday. CLOSED-END-MUTUAL FUNDS AL-Meezan MutXD 6.29 F. Dawood Mut.Fund 1.94 F.Cap.Mut.Fund 3.17 Golden Arrow 3.08 JS Growth 5.08 JS Large Cap.Fund 4.9 JS...
Announcing Aviva Canada's New President and Chief Executive Officer
Igal Mayer, incoming Chief Executive of Aviva North America, today announced the appointment of Maurice Tulloch to the role of President and CEO of Aviva Canada, effective January 1, 2010. As announced in October, current President and CEO,...
Minsheng Life to Resume Bancassurance in Shanghai
Minsheng Life Insurance Co., Ltd. plans to resume bancassurance business in Shanghai next year, said people close to the Beijing-based insurer. It entered Shanghai in 2005 and has been squeezed out from the market's top ten life insurers ta...
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Indiana teachers union to cover disability claims
INDIANAPOLIS_The Indiana State Teachers Association and the National Education
Aging of the population of the Workers Comp claims and
Copyright: Business Wire Source: Business Wire Wordcount: BOSTON--(BUSINESS
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Citizens Property Insurance is preparing to raise
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SPD Bank Inks Framework Deal with Dazhong Insurance
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Ind. teachers union to cover disability claims
INDIANAPOLIS_The Indiana State Teachers Association and the National Education
Merck sued over patent on allergy drug Singulair
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Sterling Financial Corporation of Spokane, Washington,
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